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Dec 1, 2012
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defense and domestic cuts could be avoided if a grand bargain is struck to avoid the fiscal cliff. if not, it will get ugly, shep. >> shepard: yeah, it will. give us an idea what we are talking about in the way of cuts here if this happens. >> as you mentioned they are split between domestic and defense cuts. let's take a look at the domestic cuts. educational programs including special education will be cut by $2.3 billion medicare payments to hospitals cut by $5.6 billion. prescription drug benefits lose $591 million. on the defense side, across the board 9.4% cut regardless of the program's merit. defense department operations and maintenance loses $3.9 billion in 2013. air force and navy aircraft purchases get cut by more than $4.2 billion. that is why some are calling cutting with a machete instead of a scalp pull. shep? >> shepard: stocks closed higher after a choppy day of trading. dow industrial average eked out 4 point gain over uncertainty about fiscal cliff thing. weakest spending report since may. a lot of storm out of that. according to the commerce department, spendin
defense and domestic cuts could be avoided if a grand bargain is struck to avoid the fiscal cliff. if not, it will get ugly, shep. >> shepard: yeah, it will. give us an idea what we are talking about in the way of cuts here if this happens. >> as you mentioned they are split between domestic and defense cuts. let's take a look at the domestic cuts. educational programs including special education will be cut by $2.3 billion medicare payments to hospitals cut by $5.6 billion....
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Dec 7, 2012
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that does not appear likely right now, especially with budget cuts coming in the battle over the fiscal cliff but the agency has an unlimited line of credit with the treasury department. today, the housing secretary could not rule out tapping it but he said those hire fha loan fees and other changes could head it off. >> based on all of that, do you expect a taxpayer bailout as we sit here today? if so, when? >> based on those stats, i believe we have significantly decreased the chance of having a bailout at the end of 2013 or having to draw on the treasury. i'm not going to assign a possibility at this -- probabilt this point. >> thinks the fha could end up tapping the treasury short-term for several billion dollars next year. shepard. >> shepard: when next year, pete, do we know. >> the devil rays session it will signal intentions on possible treasury funding for the fha when it releases budget for 2014 in february and will actually make a final decision on all of this next september. shepard? >> shepard: peter barnes on capitol hill, thanks. the man investigators unleashing terror in
that does not appear likely right now, especially with budget cuts coming in the battle over the fiscal cliff but the agency has an unlimited line of credit with the treasury department. today, the housing secretary could not rule out tapping it but he said those hire fha loan fees and other changes could head it off. >> based on all of that, do you expect a taxpayer bailout as we sit here today? if so, when? >> based on those stats, i believe we have significantly decreased the...
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Nov 30, 2012
11/12
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going over the fiscal cliff is serious business. and i'm here seriously trying to resolve it. and i would hope the white house would get serious as well. >> now, the white house thinks republicans have overdone the outrage today. they say the real problem republicans have is they don't want to raise taxes on the rich. so basically we are still deadlocked tonight, shep. >> shepard: vice president biden did his part for the economy today. he went shopping? >> yeah a new cosco here in washington, d.c. opened up today. big crowd in the parking lot. vice president's motorcade showed up. he actually bought a big screen tv as well as a apple pie. what could be more american than that. he went on to is a say he is feeling good and optimistic about a deal. take a listen. >> i am. i am. all these folks in this store, man, going to make a difference. >> more important than shopping trip will be what actually happens between the president and speaker boehner. we're told they had a phone call last night. initial report suggested it was tense. white house saying they made some progress. we
going over the fiscal cliff is serious business. and i'm here seriously trying to resolve it. and i would hope the white house would get serious as well. >> now, the white house thinks republicans have overdone the outrage today. they say the real problem republicans have is they don't want to raise taxes on the rich. so basically we are still deadlocked tonight, shep. >> shepard: vice president biden did his part for the economy today. he went shopping? >> yeah a new cosco...
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Dec 4, 2012
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well, the fiscal cliff now. republicans are proposing a brand new plan to prevent the so-called falling off of that cliff. the automatic tax hikes and spending cuts that are set to kick in on the first of the year. the proposal counters one from the white house which republics deemed a joke. the g.o.p. plan would at least for now extend the bush era tax cuts including those cuts for the wealthiest americans it proposes raising $800 billion from tax reform over the course of the decade. and includes more than a trillion dollars in spending cuts. but monday none of them he really detailed. in addition the plan called for changes to the so-called entitlement programs, increasing the eligibility age for medicare and lowering the annual cost of living hikes for social security hikes. flu our -- put theirs on the table and dared republicans to do the same. >> they have done that tonight. the officials saying that the counter offer is ridiculous. they are hammering the fact that there is not enough in terms of tax reve
well, the fiscal cliff now. republicans are proposing a brand new plan to prevent the so-called falling off of that cliff. the automatic tax hikes and spending cuts that are set to kick in on the first of the year. the proposal counters one from the white house which republics deemed a joke. the g.o.p. plan would at least for now extend the bush era tax cuts including those cuts for the wealthiest americans it proposes raising $800 billion from tax reform over the course of the decade. and...
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Dec 5, 2012
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a deal to keep us from going off the fiscal cliff. the president says the latest republic offer is out of balance because it extends tax cuts on income of above $250,000. g.o.p. leaders claim they can raise revenue without raising rates by closing loopholes and limiting deductions. but the white house says it's about the rates. ed henry is at the white house tonight. the president claims the republic math does not add up. >> that's right, shep. he met with the nation's governors today. he said behind closed doors that there is a lot at stake not just for the national economy but state by state. some of their budgets could take a major hit if, in fact, the nation goes off the so-called fiscal cliff. his spokesman jay carney was even tougher in going after speaker john boehner's latest proposal in saying it simply doesn't add up. >> we don't know who pays. we don't know what we're talking about in terms of actual legislation to increase revenues. it's magic beans and fairy dust. >> the bottom line is the president and speaker boehner ha
a deal to keep us from going off the fiscal cliff. the president says the latest republic offer is out of balance because it extends tax cuts on income of above $250,000. g.o.p. leaders claim they can raise revenue without raising rates by closing loopholes and limiting deductions. but the white house says it's about the rates. ed henry is at the white house tonight. the president claims the republic math does not add up. >> that's right, shep. he met with the nation's governors today. he...